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Government Operations committee  I think it's related to the effective interest rate on the stock of debt that turned out to be higher than expected at the time of the putting together of the main estimates. You're correct. It's a bit surprising, but it's not entirely surprising given it's a stock of debt of well over $1.6 billion.

June 17th, 2024Committee meeting

Yves Giroux

June 17th, 2024Committee meeting

Yves Giroux

Government Operations committee  I think one can safely assume that it had a very positive impact, considering that price is an important factor in deciding which vehicle to buy or not.

June 17th, 2024Committee meeting

Yves Giroux

Government Operations committee  I know a lot of numbers, but not the specific number related to natural disasters.

June 17th, 2024Committee meeting

Yves Giroux

Government Operations committee  I think you can safely assume that for sure.

June 17th, 2024Committee meeting

Yves Giroux

Government Operations committee  I'm not a climate scientist, so what climate scientists say I am in no position to dispute. Yes, I would agree with that.

June 17th, 2024Committee meeting

Yves Giroux

Government Operations committee  There's a widespread consensus among economists to that effect, and I agree with that.

June 17th, 2024Committee meeting

Yves Giroux

Government Operations committee  That's also correct.

June 17th, 2024Committee meeting

Yves Giroux

Government Operations committee  As Chris Matier mentioned in response to a question from one of your colleagues, it's not included because we typically don't do cost-benefit analyses for the reasons he outlined. You're correct that it was not included.

June 17th, 2024Committee meeting

Yves Giroux

Government Operations committee  You're probably referring—

June 17th, 2024Committee meeting

Yves Giroux

Government Operations committee  You're right. You're probably referring to the EU border price adjustment with respect to the carbon pricing of some countries. It will be coming into effect on January 1, 2026—

June 17th, 2024Committee meeting

Yves Giroux

Government Operations committee  That's the current plan in the European Union and member countries for some specific industries. I think it's steel, cement and a couple of other industries.

June 17th, 2024Committee meeting

Yves Giroux

Government Operations committee  I think we're seeing the electricity grid being decarbonized in many jurisdictions and that's as a result of their transition to a greener economy and a less fossil fuel-intensive economy.

June 17th, 2024Committee meeting

Yves Giroux

Government Operations committee  I may have misexplained myself or misexpressed myself. What I mean is that between supplementary estimates (A), (B) and (C), we could end up at the same level of authorities as last year or even higher, but we won't know that for sure until we see the supplementary (B)s and (C)s.

June 17th, 2024Committee meeting

Yves Giroux

Government Operations committee  It's very likely, yes.

June 17th, 2024Committee meeting

Yves Giroux